business operations

As traditional utilities embrace decentralization, the journey requires more than just adopting new field technologies. According to McKinsey’s Global Energy Perspective 2024 report, the global energy transition is entering a new phase of rising costs, complexity, and increased technology challenges. This transition requires not only technological solutions, but also a comprehensive strategy. McKinsey notes that significant […]

In 2002, the government of Saudi Arabia moved to step up the private sector’s role in the kingdom’s economy by opening the production of power and desalinated water. Saudi firms Abunayyan Trading Co., Abdulkadir Al Muhaidib & Sons Co., and MADA Group for Industrial and Commercial Development sensed a tremendous opportunity, forming ACWA Power Projects […]